Hanpin Electron (Taiwan) Market Value
| 2488 Stock | TWD 56.40 0.40 0.71% |
| Symbol | Hanpin |
Hanpin Electron 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Hanpin Electron's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Hanpin Electron.
| 10/25/2024 |
| 01/23/2025 |
If you would invest 0.00 in Hanpin Electron on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Hanpin Electron Co or generate 0.0% return on investment in Hanpin Electron over 90 days. Hanpin Electron is related to or competes with Meiloon Industrial, Mirle Automation, Merry Electronics, Audix Corp, and G Shank. Hanpin Electron Co., Ltd. designs, manufactures, and sells electronic consumer products, professional audio products, an... More
Hanpin Electron Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hanpin Electron's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Hanpin Electron Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.76 | |||
| Information Ratio | 0.1355 | |||
| Maximum Drawdown | 12.99 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 3.08 |
Hanpin Electron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanpin Electron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanpin Electron's standard deviation. In reality, there are many statistical measures that can use Hanpin Electron historical prices to predict the future Hanpin Electron's volatility.| Risk Adjusted Performance | 0.1353 | |||
| Jensen Alpha | 0.2817 | |||
| Total Risk Alpha | 0.229 | |||
| Sortino Ratio | 0.1484 | |||
| Treynor Ratio | 1.38 |
Hanpin Electron Backtested Returns
Hanpin Electron appears to be very steady, given 3 months investment horizon. Hanpin Electron holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hanpin Electron, which you can use to evaluate the volatility of the firm. Please utilize Hanpin Electron's Downside Deviation of 1.76, market risk adjusted performance of 1.39, and Risk Adjusted Performance of 0.1353 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hanpin Electron holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hanpin Electron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hanpin Electron is expected to be smaller as well. Please check Hanpin Electron's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hanpin Electron's current trending patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Hanpin Electron Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Hanpin Electron time series from 25th of October 2024 to 9th of December 2024 and 9th of December 2024 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hanpin Electron price movement. The serial correlation of -0.75 indicates that around 75.0% of current Hanpin Electron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 3.26 |
Hanpin Electron lagged returns against current returns
Autocorrelation, which is Hanpin Electron stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Hanpin Electron's stock expected returns. We can calculate the autocorrelation of Hanpin Electron returns to help us make a trade decision. For example, suppose you find that Hanpin Electron has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Hanpin Electron regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Hanpin Electron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanpin Electron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanpin Electron stock over time.
Current vs Lagged Prices |
| Timeline |
Hanpin Electron Lagged Returns
When evaluating Hanpin Electron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanpin Electron stock have on its future price. Hanpin Electron autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Hanpin Electron autocorrelation shows the relationship between Hanpin Electron stock current value and its past values and can show if there is a momentum factor associated with investing in Hanpin Electron Co.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Hanpin Stock Analysis
When running Hanpin Electron's price analysis, check to measure Hanpin Electron's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hanpin Electron is operating at the current time. Most of Hanpin Electron's value examination focuses on studying past and present price action to predict the probability of Hanpin Electron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanpin Electron's price. Additionally, you may evaluate how the addition of Hanpin Electron to your portfolios can decrease your overall portfolio volatility.